This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15, 2006, and subsequent ...

We analyze labor productivity in coal mining in the United States using indices of productivity change associated with the concepts of panel data modeling. This approach is valuable when there is extensive heterogeneity ...

This paper examines a number of issues associated with alternative analytical approaches for evaluating investments in electricity transmission infrastructure and alternative institutional arrangements to govern network ...

Energy consumption is critical to economic growth and quality of life. America’s energy system,
however, is malfunctioning. The status quo is characterized by a tilted playing field, where
energy choices are based on the ...

This paper provides an overview of the principal economic methods employed to assess the value of petroleum properties. The difference between wellhead and in situ resource values is examined, as well as drawbacks inherent ...

The object of this paper is to identify strategies for the U.S. electric utility industry for reduction of both acid rain producing and global warming gases. The research used the EPRI Electric Generation Expansion Analysis ...

Public decision makers are given a vague
mandate to regulate industries. Restrictions on their instruments or scope of regulation
affect their incentives to identify with interest groups and the effectiveness ...

I study the advantages of pollution permit markets over traditional standard regulations when the regulator has incomplete information on firms₂ emissions and costs of production and abatement (e.g., air pollution in large ...

Japan consumes a considerable amount of the world's energy, and it occupies an even more important position in the markets for internationally traded energy. Because sufficient domestic fossil-fuel reserves are not ...

This paper presents a methodology for analyzing the potential for reduction in carbon emissions through increased fuel efficiency and provides an illustration of the method. The methodology employed is a multisectoral, ...

Refinements in the safety and performance of nuclear power plants must be made to maintain public confidence and ensure competitiveness with other power sources. The aircraft industry, US Navy, and other programs have ...

The present value model says that an asset's price equals the sum of current and future discounted expected future payoffs from ownership of the asset. I explore the limits of the present value model by testing its ability ...

This paper presents a practical approach to project evaluation using techniques of modern financial economics, with a sample application to oil development under a complex tax system. The method overcomes shortcomings of ...

The prospects of global warming and potential shortages of oil have brought energy back to the forefront of the list of national, indeed, global, problems that governments, corporations and society must address. In 2002, ...

This paper argues that an increased application of quasi-experimental and experimental techniques will improve understanding about core environmental economics questions. This argument is supported by a review of the ...

We examine the hypothesis that hazardous waste facilities are disproportionately located in minority neighborhoods. We also ask whether such facilities provide observable economic benefits to the surrounding community. the ...

This paper reports on results obtained from the estimation of a rail cost function using a pooled-time series, cross section of Class I railroads for the period 1974-1986. An analysis is performed of short-run and long-run ...